Threat intelligence and risk prevention solutions company, Flashpoint, has acquired Risk Based Security (RBS). RBS is a Richmond, Virginia-based company that specializes in vulnerability and data breach information as well as vendor risk evaluations. Financial terms of the acquisition were not disclosed.
The integration of RBS’s collections and technology into the Flashpoint platform would provide contextual threat intelligence and automation to a wide range of cybersecurity practitioners, including CTI, vulnerability management, DevSecOps, and vendor risk management teams. It may allow them to detect, prioritize, and thwart emerging cyber risks quickly and holistically.
“I am incredibly excited to welcome the RBS team to Flashpoint,” said Josh Lefkowitz, Chief Executive Officer (CEO) at Flashpoint. “This acquisition will enable our clients to rapidly detect critical vulnerabilities before they are widely known, and then automate how they prioritize and remediate these issues. This is a game changer for security teams and represents a vital step towards achieving Flashpoint’s vision of being the single vendor that enterprises can rely on to mitigate all types of security risks and protect critical assets.”
Patented Technology RBS
Since its inception in 2011, Risk Based Security has worked with a wide range of companies, including Microsoft, BlackRock, Northrop Grumman, Swisscom, American Electric Power, Amtrak, and a number of others in the technology, financial, insurance, and consumer products industries.
RBS has over 90,000 vulnerabilities in its collections that haven’t been issued CVE IDs and so don’t appear in the National Vulnerability Database (NVD). RBS’s patented technology would reliably find vulnerabilities before they are widely publicized – and maps those vulnerabilities to an enterprise’s software – giving clients a key advantage and a leg up on prospective attackers.
“We’re thrilled to join forces with Flashpoint,” said Jake Kouns, Chief Executive Officer (CEO) at RBS. “It’s rare to find two organizations so similar in culture with a mutual drive to get things done. Our visions align perfectly, and we are excited to collaborate with them to bring a holistic, risk-based intelligence offering to a broad market.”
RBS’s extensive vulnerability, data breach, and proprietary vendor risk ratings would enable security teams to quickly assess and remediate vulnerabilities based on their individual risk profiles. It’s a vulnerability management tool that provides scanless, real-time vulnerability intelligence with vendor and product risk ratings.
Flashpoint will be able to use this technology to reveal a customer’s exposure to critical vulnerabilities and supply chain weaknesses, provide contextual awareness into how these vulnerabilities are being exploited by threat actors, and prioritize and automate the actions required to mitigate potential threats.